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Bay Area Development Company: Helping Clients Control & Predict Long-Term Costs

We’ve asked some of our #SFSBW2018 sponsors to share their insights, and how they help small business flourish in San Francisco.

Today we hear from Rich Grant, Senior Vice President-Market Manager at Bay Area Development Company

 Rich Grant Senior Vice President Market Manager at Bay Area Development Company

What is Bay Area Development Company’s Mission?

We provide SBA 504 loans to assist companies to finance commercial real estate at below market fixed rates with low down payments and long terms.

How does your organization support and engage the small business community?

Bay Area Development Company supports the small business community with our financing and our expertise. We engage the small business community through other financial intermediaries including commercial real estate brokers, banking professionals and other center of influence.

What tools and resources has Bay Area Development created to help small businesses tap into new opportunities to reach new customers, increase their revenue, and grow their business?

We have created sample loan structures for our potential borrowers to see how their monthly loan payments compare to rent payments. We have also created a 504 Loan Calculator on our website to help our clients see how the SBA 504 program can work for them.

What are the trends you see when you think about the small business marketplace, and how will these trends shape the future of small business?

Two of the biggest trends affecting small businesses are the lack of available commercial property for sale and rising interest rates. This lack of inventory drives prices up and requires small business borrowers to be aggressive when the right property becomes available. The long term fixed rates we make available through the SBA 504 program help clients control and predict their occupancy costs over the long term.

costeaux bakery in healdsburg with bay area development company

Can you share one brief story about how your company is helping San Francisco businesses thrive?

We recently assisted a transportation company in purchasing a property for their business. The property is ideally suited to their business use as there is ample land for parking and storage of their vehicles and the San Francisco location keeps them close to their primary customers  while maintaining easy freeway access to other Bay Area locales.

What words of advice or wisdom would you like to share with small business owners?

Do everything with your customer in mind. Your objective is not to satisfy your customer but to delight them. Your existing, delighted customers are your best source of new, delighted customers.

Connect with Bay Area Development Company

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